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USCB Financial Holdings Inc (USCB) provides trusted community financial services through its hybrid digital-traditional banking model. This news hub delivers official updates and analysis for stakeholders tracking this regional banking institution.
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Investors will find quarterly financial disclosures and SEC filings, while small business clients can monitor updates on commercial lending programs. Each entry maintains strict factual accuracy without speculative commentary, adhering to financial journalism standards.
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USCB Financial Holdings, Inc. (NASDAQ: USCB) has announced it will report its financial results for the third quarter of 2024 on Thursday, October 31, 2024, after market close. The company will host a conference call and audio webcast on Friday, November 1, 2024, at 11:00am Eastern Time to discuss the quarterly results.
Participants can join the call by dialing (833) 816-1416 (toll-free in the U.S.) and using the passcode USCB Financial Holdings Call. The live audio webcast and accompanying slides will be available on the company's investor relations website at https://investors.uscenturybank.com/. A replay of the webcast will be archived on the site shortly after the call ends.
USCB Financial Holdings, Inc. (NASDAQ: USCB) reported record fully diluted EPS of $0.31 for Q2 2024, up from $0.21 in Q2 2023. The company achieved net income of $6.2 million, compared to $4.2 million in the same period last year. Key highlights include:
- Annualized return on average assets increased to 1.01% from 0.77%
- Net interest margin improved to 2.94% from 2.73%
- Total assets grew 10.4% to $2.5 billion
- Total loans increased 17.1% to $1.9 billion
- Total deposits rose 7.0% to $2.1 billion
- Efficiency ratio improved to 56.33% from 65.25%
The company declared a cash dividend of $0.05 per share and reported strong capital ratios, with total risk-based capital at 13.12% for the company and 13.01% for the bank.
USCB Financial Holdings, Inc. (NASDAQ: USCB), the parent company of U.S. Century Bank, has announced a quarterly cash dividend of $0.05 per share on its Class A common stock. The dividend is payable on September 5, 2024, to shareholders of record as of the close of business on August 15, 2024. This decision, made by the company's Board of Directors, demonstrates USCB's commitment to providing regular returns to its shareholders. However, it's important to note that future dividend payments are subject to quarterly review and approval by the Board, indicating that the company maintains flexibility in its dividend policy based on ongoing financial performance and market conditions.
USCB Financial Holdings will announce its second quarter 2024 results after market close on July 25, 2024. The financial performance for the quarter ending June 30, 2024, will be discussed in a conference call on July 26, 2024, at 11:00 am Eastern Time. The call will feature insights from Chairman, President, and CEO Luis de la Aguilera, CFO Robert Anderson, and Chief Credit Officer William Turner. Investors can access the live audio webcast and accompanying slides on the investor relations page of the company's website. A replay will be available shortly after the call.
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